ETH breaks with more than 8% gains
Hellooo traders & friends,
ETH has broken the 440 area with an 8% upward potential since my last idea. I had posted about the bull flag that was building on the 4H on Friday
Unfortunately we had 2 fake-outs, before breaking definitely to the upside. => Yes, it sucks, but this is the nature of crypto-trading right now, we can't change it, we have to deal with it.
But anyways: Congratulations to all the bulls who played ETH! I hope you made some decent gains still.
We have now set our Daily Higher Low (which I was anticipating for over a week) successfully at 417, which gives us now the opportunity to form an equilibrium, before breaking the 500 Dollar range to the upside. It is unlikely that we go through it like butter right now, since big brother BTC is also overbought.
=> ETH bulls have to watch for the break of 6.800 with Bitcoin, as this will be a huge signal. On the ETH/BTC direct correlation we're successfully upholding 0.07
Of course we can still form an equilibrium and break it bearish, if Bitcoins breaks bearish, but that is unlikely right now.
If you don't want to miss essential patterns like bull flags or trend reversals the next time with 8% gains potential, please like & subscribe, and watch my daily videos! ;) I wish you a wonderful start into the week & good trading!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
ETH has broken the 440 area with an 8% upward potential since my last idea. I had posted about the bull flag that was building on the 4H on Friday
Unfortunately we had 2 fake-outs, before breaking definitely to the upside. => Yes, it sucks, but this is the nature of crypto-trading right now, we can't change it, we have to deal with it.
But anyways: Congratulations to all the bulls who played ETH! I hope you made some decent gains still.
We have now set our Daily Higher Low (which I was anticipating for over a week) successfully at 417, which gives us now the opportunity to form an equilibrium, before breaking the 500 Dollar range to the upside. It is unlikely that we go through it like butter right now, since big brother BTC is also overbought.
=> ETH bulls have to watch for the break of 6.800 with Bitcoin, as this will be a huge signal. On the ETH/BTC direct correlation we're successfully upholding 0.07
Of course we can still form an equilibrium and break it bearish, if Bitcoins breaks bearish, but that is unlikely right now.
If you don't want to miss essential patterns like bull flags or trend reversals the next time with 8% gains potential, please like & subscribe, and watch my daily videos! ;) I wish you a wonderful start into the week & good trading!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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